GBPJPY: trend reversal or large scale retracement

The monthly downtrend appears to be about to end. After the month closes, I expect gbpjpy to head back to the 160 handle over time at least. You can go long risking a decline below 132.233 once the market opens today.

Good luck!

Ivan Labrie

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Closed for now, good profits. I'll reenter if need be.

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Got back in like with USDJPY, 29 pips discount.

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Good profits, but time to bail. Last: 138.42